Watch Out for These Levels in Super Micro Computer's Stock Price

To do this, we calculate the distance between the initial high and low of the symmetrical triangle in points and add that amount to the pattern's top trendline. In this case, we add $642 to $870, which forecasts a price target of $1,512. This provides an possible area where the stock may encounter resistance, especially if other technical indicators are flashing overbought readings. Symmetrical Triangle Forms on Super Micro Chart Key Takeaways Super Micro Computer (SMCI) remains in focus on Friday after sha ...